National Flood Insurance Act of 1968 (Public Law 90-448, 42
U.S.C. ยงยง 2414(e) and 4001 et seq.), has caused steep increases
in flood insurance premiums to pay for the increase in spending
on the Federal Emergency Management Agency's flood disaster
assistance program; and
WHEREAS, The Federal Emergency Management Agency has recently
revised its flood mapping to include many properties that
previously did not require flood insurance; and
WHEREAS, Whole communities along this Commonwealth's rivers
and creeks could be devastated by plummeting property values due
to unaffordable flood insurance premiums; and
WHEREAS, There is need for a comprehensive review of how to
best assist the residents of this Commonwealth who have been
impacted by rising flood insurance premiums; therefore be it
RESOLVED, That the Senate direct the Joint State Government
Commission to establish an advisory committee consisting of, but
not limited to, the following individuals:
(1) The Insurance Commissioner of the Insurance
Department or the commissioner's designee.
(2) The Secretary of the Department of Community and
Economic Development or the secretary's designee.
(3) The Director of the Pennsylvania Emergency
Management Agency or the director's designee.
(4) The Secretary of the Department of Conservation and
Natural Resources or the secretary's designee.
(5) The Secretary of the Department of Environmental
Protection or the secretary's designee.
(6) The Secretary of the Department of Banking and
Securities or the secretary's designee.
(7) A representative of local governments.
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